About Trade Incentive Programs

Trade Incentive Program is a tool set that automates part of the process to record and match declarations and transactions in support of common global trade programs such as Duty Drawback, Inward Processing Relief, Bonded Warehouse, Free Trade Zone, Temporary Imports, etc. It provides customers with significant opportunities to generate return on investment from Global Trade Management (GTM) and reduce duty and tax payments. 

The Trade Incentive Programs feature in GTM enables you to effectively manage various programs, avail customs advantages, and apply them according to your business needs.

• GTM enables you to:
• Set up country-specific Trade Incentive Programs, rules, and authorizations.
• Track products as they enter and/or exit the declaration or transaction inventory. 
• Perform recording and matching based on flexible criteria.
• Adjust inventory and report balances.